Kindly assist on question 1 and 2
1The difference between zero accounting profit and zero economic profit is that.
a) an economic profit of zero indicates a fair return because it includes the
b) an economic profit zero indicates unacceptable
c) an economic profit of zero indicates more than a fair return because it includes opportunity cost and explicit cost.
d) an accounting profit of zero indicates a fair rate of return because it includes the opportunity cost of a firms capital.
2.If a corporation is sued and losses the lawsuit, it's liability to pay.
a) is imposed on all stockholders, personally
b) is imposed only on the corporate CEO and the board of directors.
C) its limited to the assets held in the corporations name.
d) is imposed on the bondholders of the corporation
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